Technical Terms

portal system”


“EMV Cards”
“EMV Compliance”

“MSC Malaysia OnelSV


A generic portal for e-business solutions and it is not meant to be domain ready, but one that can be used as a high-level platform to develop specialised portals for specific domains. In other words, the advanced e-commerce portal system is to be considered as a portal platfonn/package with much available standard fimctionality that will contribute towards minimising development time
Data Encryption Standard is an encryption algorithm that modifies data into a set of incomprehensible symbols or codes. A person will need to decipher the data with the correct key (DES-key) in order to transform it back to the original data
Electronic Data Capture Point of Sales
Europay, MasterCard and VISA
The name EMV comes from the initialleners of Europay, MasterCard and VISA, the three companies that originally cooperated to develop the standard
Chip-based payment Cards, also known as smart cards which contain embedded microprocessor developed by Europay, MasterCard WorldWide and Visa International, who originally cooperated to develop international chip standard for payment cards
A set of global specification set by Europay, MasterCard and Visa for Cards, terminals and applications to enable smart card transactions. These specifications include physical characteristics (card size, shape, and thickness), electrical characteristics (signals to be fed to each contact), command set (access controls on card) and overall card security
Information and Communications Technology
Independent Software Vendor refcrs to a company that writes and sells software that are able to run on one or multiple operating systems
Malaysian Electronic Payment System Sdn Bhd is an interbank network service provider in Malaysia, who offers platforms which enable customers of Financial Institutions to access their funds anywhere from any of the participating Financial Institutions’ ATMs. It also offers Interbank GIRO, an inter-bank fimd transfer system that facilitates payments and collcctions between Financial Institutions
An initiative programme by MDeC and Microsoft Malaysia which aims to spur the growth and quality oflocallSVs and their products
Network Access Concentrator is a network hardware embedded with encryption technology to transport data, maximise bandwidth and
providing secure transmission for payment transactions

Personal Identification Number is a set of numeric used to authenticate the user to the system
RSA are the initial letters of the surnames of the three founder -Ronald Linn Rivest, Adi Sharnir and Leonard Max Adleman
RSA is a method of encrypting data which involves three steps -key
generation, encryption and decryption
A Shrink-Wrapped Customisable Info-Commerce Automated Deployment System (or Shrink Wrapper)
SCICAD a platfonn-independent, e-commerce portal generator, i.e. a software application that is used to semi-automatically build specific e-commerce components within a short development time period and at
minimal costs
Triple Data Encryption Standard is a variant of DES in which data is encrypted three times with standard DES using two keys to decipher or decrypt the encrypted data
User Acceptance Test
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“Acquiring Bank”
“Agency Manager(s)”
U Agency Manager
“Business Process Outsourcing”


“Card Organisation”
“Cash Advance Automatic

“Card Issuing Bankn
“Charge Card(s)”
“Credit Card(s)” Financial Institution that accepts Credit Cards and/or Debit Cards payments for products or services on behalf ofa Merchant
Business owners who wish to participate in our Agency Manager Programme in the region they wish to establish their business presence. They pay us a joining fee in exchange of software system and business know-how to recruit Merchants. Agency Managers are appointed to provide support and services to our Merchants for a fee and commission structure payable by our Group
Our Group’s sales and distribution strategy to increase our market and customer reach where our Agency Managers are paid upon successful recruitment of Merchants
Bankcard allows ATM transactions such as cash withdrawal, fund transfer, balance enquiry and so on, together with payment application and other tie-up applications and programmes
The contracting of the EMV Card’ Personalisation operations and responsibilities to a third-party service provider i.e. Whatdevice
An organisation that manages electronic payment among Financial Institutions) Merchants and consumers. Examples include Visa International and MasterCard WorldWide
All types of cards including but not limited to Credit Cards, Debit Cards, Charge Cards and Loyalty Cards
Cash Advance Automatic System consists of EDCPOS Terminal software which integrates to the Credit Card host to provide the Credit Card holder another option to withdraw cash advance from counters at banking hall besides withdrawing cash advance via the ATM
Financial Institution that offers Card Organisation’s branded Cards directly to consumers. The issuing bank assumes primary liability for the consumers’ capacity to payoff debts they incur in their Cards
A Charge Card enables its holder to buy goods and services with a credit line given by Charge Card issuer and the amount will be settled in full by the due date every month. Examples of Charge Card brands are American Express and Diners Club
A Credit Card enables its holder to buy goods and services with a credit line given by Credit Card issuer and the amount will be settled at a later date. Cardholders are billed on a monthly basis and cardholders would have to bear finance charges (interest) on the outstanding amount if full payment is not made by the due date. For a fee, a Credit Card can also be used for cash advances at ATMs and at respective Credit Card issuers’ counters. Examples of Credit Card brands are VISA, MasterCard and Japan Credit Bureau
“EDCPOS Terminal(s)”
“Electronic Payments”
“EMV Card(s)”
“EMV Card

UFinancial Process

“Host Application Server”
“In-source EMV Card

A Debit Card is a payment Card where the transaction amount is deducted directly from the Cardholder’s bank account upon authorisation. In Malaysia, anyone having a bank account with a Financial Institution and has an ATM card can make payments using the Card at any Merchants displaying the Bankcard logo, as it doubles as a Debit Card. There are also international Debit Cards under the VISA and MasterCard brands
Electronic Data Capture Point of Sales terminal which is an electronic device used to initiate an electronic fund transfer. The terminals are installed at Merchant outlets, typically at payment counters:
(i) to verifY and authenticate the Cards inserted/swiped;
(ii) to capture the cardholders’ information stored in the Cards;
(iii) to capture the amounts entered by the cashiers; and
(iv) to relay information as set out in items (i), (il) and (iii) above to the
payment networks for payments authorisation

Electronic payments can be divided into payments with Card presence
(i.e. payments and/or transactions made through EDCPOS Terminals) and non-Card presence (I.e. payments made through non terminals/virtually)
Electronic payments with Card presence are typically carried out at retail outlets or payment kiosks
Electronic ‘payments with non-card presence are made remotely without a Card being physically present when a payment is made. These include payments made via Cards through, amongst others, internet payment gateways, mobile phones, Mail Order Telephone Order (MOTO) and

standing instructions
Smart chip based VISA and MasterCard
A process of printing Cardholders’ information on a raw Card (a card with a bank’s artworks but without cardholder’s information) and storing this information into the chip of the Card
Financial Process Exchange (FPX) leverages on the Financial Institution’s internet banking services to provide online assurance of payments and purchases of goods and services. For both customers and Merchants, it facilitates payments and collections and provide an efficient and cost

effective settlement mechanism via the internet
A computer software application for the intranet/internet environment that hosts a program database queries and/or general business processing utilising JavaScript and Java server pages (ISPs). These programs scripts and services typically access a database to retrieve or edit up-to-date data that is presented to users via their browsers or client applications
EMV Card Personalisalion carried out at a Financial Institution’s premises by a third party service provider
“Merchant Acquisition”
“Managed Electronic
Payment Solutions”

“Merchant Service
“Loyalty Cards”
“Loyalty Programmes”
“Loyalty Management
“Payment Services”
“Personalisation Preparation
Process System
(P3 System)”
“Software, Security and ICT

UTenninal Services”
Message format standard approved by the International Organisation for Standardisation for the exchange of electronic payment transactions
Provider of goods or services in exchange for a Card payment. In this Prospectus, Merchant, amongst others, include retail outlets, healthcare
companies and travel agencies) telecommunication companies. utility companies and government agencies
Recruitment of Merchants for the Acquiring Bank
The outsourced Electronic Payment Solutions (Merchant Acquisition, installation of hardware and infrastructure, and provision of Software, Security and ICT Services) offered by a third party payment solution provider for any given electronic payment method
An entity that provides transactions and Cardholder processing services and performing Merchant and Cardholder solicitation for them to receive and comply with Card Organisation’s rules
Loyalty card is a plastic or paper Card, visually similar to a Credit Card or Debit Card, that identifies the Cardholder as a member in a Loyalty Programmes
Loyalty programmes are structured marketing efforts that reward and encourage buying behaviour
The deployment of our loyalty software application and services as an
outsourced services to business owners
The deployment of our payment applications or programmes as a managed service to retail and corporate businesses in Malaysia
Payment Multi-Purpose Card (pMPC) is a smart Card that has three financial applications for ATM, e-Debit and MEPS Cash
An automated process which takes new Credit Card applicants data or old magnetic stripe records from Credit Card host system and converts them to EMV data sets in a secure file format used by smart Card personalization system to physically emboss a raw EMV Card and logically copy the necessary fields into the smart chip of the raw EMV Card

Professional services such as software design and customisation services,
security software for payment technologies and management services for turnkey projects
The deployment of EDCPOS Terminals as payment devices which allow cashiers to capture Card-presence Credit/Debit Card payment transactions offered to retail and corporate businesses in Malaysia as a managed service with SLA



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